The Centre for Development Studies(CDS) and the Indian Institute of Space Science and Technology (IIST) has released a paper titled \u201cThe space economy of India: its size and structure\u201d.<\/span><\/p>\n Purpose<\/b>: The paper is a <\/span>first-of-its-kind attempt at measuring the size of India\u2019s space economy.<\/span><\/p>\n This paper relied on the data from the Indian Space Research Organisation(ISRO), Parliament documents, Comptroller and Auditor-General\u2019s(CAG) reports, data on intellectual property rights and other government data.<\/span><\/p>\n Size of India\u2019s Space Economy:<\/b> It is estimated at \u20b936,794 crores (approximately $5 billion) for the financial year 2020-21.\u00a0<\/span><\/p>\n Estimated space size as a percentage of the GDP: <\/b>This has slipped from 0.26% in 2011-12 to 0.19% in 2020-21.<\/span><\/p>\n Space Sectors: <\/b>Among the space constituents, space applications accounted for the major chunk of the annual budget in 2020-21, followed by space operations and manufacturing.<\/span><\/p>\n Space budget as a percentage of the GDP: <\/b>It has slipped from 0.09% in 2000-01 to 0.05% in 2011-12 and has remained more or less at that level since then.<\/span><\/p>\n India\u2019s Space Spending compared to other countries: <\/b>In relation to GDP, India\u2019s space spending is more than that of China, Germany, Italy and Japan but less than that of the U.S. and Russia.<\/span><\/p>\n This paper has been released at a time when the Central government policies are opening up the sector to private players.\u00a0<\/span>These policies are very likely to enlarge the size of the sector through enhanced private investment and improved integration with the global private space industry.<\/span><\/p>\n Source: <\/b>This post is based on an article<\/span> \u201c<\/b>India\u2019s \u2018space economy\u2019 valued at \u20b936,794 crore<\/b>\u201d <\/b>published in<\/span> The Hindu <\/b>on 27th March 2022.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? The Centre for Development Studies(CDS) and the Indian Institute of Space Science and Technology (IIST) has released a paper titled \u201cThe space economy of India: its size and structure\u201d. About the paper on the Space Economy of India Purpose: The paper is a first-of-its-kind attempt at measuring the size of India\u2019s… Continue reading India\u2019s \u2018space economy\u2019 valued at \u20b936,794 crore<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,1738,1305,9],"tags":[10498],"class_list":["post-176335","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-science-and-technology-daily-factly-articles","category-index-reports-bodies","category-public","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700802542,"cached_date":1704139528},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/176335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=176335"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/176335\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=176335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=176335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=176335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}About the paper on the Space Economy of India<\/h5>\n
Key highlights from the paper related to the Space Economy of India<\/b><\/h6>\n
What is the significance of this paper?<\/b><\/h5>\n